• Decentralized ecosystems have disconnected value chains between issuance and presentation of credentials, making it challenging to create value for all parties
• Ecosystem design needs to consider business value chains and governance, not just technology
• Payments and transactions can be enablers for ecosystem adoption, but cannot be easily disrupted
• Public/open data layers may be needed to enable private transactions in an ecosystem
• Understanding and balancing incentives across all ecosystem participants is crucial for success

Strategies:

• Take a high-level view and start with those who get the most value/have the biggest problems in the ecosystem
• Map out benefits for different participants and identify win-win opportunities
• Design governance models and liability frameworks to enable trust between parties
• Use tools like Ron Adner’s “The Wide Lens” to analyze ecosystem value propositions
• Think as an “ecosystem architect” to understand business, technology and governance holistically

Chapters:

• 00:00 – Value chains for decentralized ecosystems
• 08:27 – Are Wallets the new platforms?
• 14:07 – Are Payments a key enabler for decentralized trust ecosystems
• 25:25 – Will our identifiers ultimately be controlled by Apple/Google and Government wallets?
• 31:27 – Frameworks to enable ecosystems for decentralized data exchanges
• 44:17 – The need for public data layer within ecosystems to build trust and enable trusted interactions
• 50:57 – Understanding ecosystem member incentives in order to increase success rate